-$0.03 EPS Expected for CPI Card Group Inc. (PMTS) This Quarter
Equities analysts predict that CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) will post ($0.03) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for CPI Card Group’s earnings, with the highest EPS estimate coming in at ($0.01) and the lowest estimate coming in at ($0.05). The company is scheduled to issue its next quarterly earnings report on Wednesday, March 7th.
On average, analysts expect that CPI Card Group will report full-year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.08) to ($0.05). For the next year, analysts expect that the company will post earnings of $0.04 per share, with EPS estimates ranging from ($0.06) to $0.15. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover CPI Card Group.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last released its earnings results on Tuesday, November 7th. The credit services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $68.00 million during the quarter, compared to analysts’ expectations of $74.73 million. CPI Card Group had a negative net margin of 4.44% and a negative return on equity of 1.51%. The business’s revenue was down 16.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in CPI Card Group by 14.8% during the first quarter. Renaissance Technologies LLC now owns 305,800 shares of the credit services provider’s stock worth $1,284,000 after buying an additional 39,432 shares in the last quarter. Bank of Montreal Can lifted its position in CPI Card Group by 753.0% during the second quarter. Bank of Montreal Can now owns 263,564 shares of the credit services provider’s stock worth $751,000 after buying an additional 232,664 shares in the last quarter. Federated Investors Inc. PA lifted its position in CPI Card Group by 8.6% during the second quarter. Federated Investors Inc. PA now owns 426,371 shares of the credit services provider’s stock worth $1,215,000 after buying an additional 33,600 shares in the last quarter. Thompson Investment Management Inc. lifted its position in CPI Card Group by 143.0% during the second quarter. Thompson Investment Management Inc. now owns 300,863 shares of the credit services provider’s stock worth $857,000 after buying an additional 177,050 shares in the last quarter. Finally, American Century Companies Inc. purchased a new position in CPI Card Group during the second quarter worth approximately $109,000. Institutional investors and hedge funds own 11.51% of the company’s stock.
CPI Card Group (NASDAQ:PMTS) traded down $0.04 during midday trading on Friday, hitting $0.86. The stock had a trading volume of 932,576 shares, compared to its average volume of 295,958. CPI Card Group has a 1-year low of $0.75 and a 1-year high of $5.10. The company has a current ratio of 2.68, a quick ratio of 2.09 and a debt-to-equity ratio of -2.87.
CPI Card Group Company Profile
CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CPI Card Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPI Card Group and related companies with MarketBeat.com's FREE daily email newsletter.